Birkenstock (NYSE:BIRK) Shares Down 11.9% – Should You Sell?

Birkenstock Holding PLC (NYSE:BIRK)’s share price dropped 11.9% during mid-day trading on Wednesday . The company traded as low as $34.01 and last traded at $33.4250. Approximately 800,193 shares were traded during trading, a decline of 66% from the average daily volume of 2,371,403 shares. The stock had previously closed at $37.95.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $49.00 price target on shares of Birkenstock in a report on Friday, February 13th. BTIG Research reissued a “buy” rating and issued a $65.00 price objective on shares of Birkenstock in a research note on Thursday, January 29th. Sanford C. Bernstein lowered their price objective on shares of Birkenstock from $55.00 to $50.00 and set a “market perform” rating for the company in a research report on Thursday, January 15th. Telsey Advisory Group restated an “outperform” rating and set a $60.00 target price on shares of Birkenstock in a research note on Thursday, February 12th. Finally, Morgan Stanley reaffirmed a “positive” rating and issued a $47.00 target price on shares of Birkenstock in a report on Tuesday, January 27th. Sixteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Birkenstock has a consensus rating of “Moderate Buy” and an average price target of $59.71.

Birkenstock Stock Performance

The firm has a market capitalization of $6.07 billion, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15. The company has a 50-day moving average of $37.79 and a 200-day moving average of $39.92. The company has a current ratio of 3.13, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46.

Hedge Funds Weigh In On Birkenstock

A number of hedge funds have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. lifted its position in shares of Birkenstock by 11.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,886,454 shares of the company’s stock worth $486,156,000 after purchasing an additional 1,264,841 shares during the period. Bamco Inc. NY raised its stake in Birkenstock by 25.4% during the fourth quarter. Bamco Inc. NY now owns 7,966,037 shares of the company’s stock worth $325,811,000 after buying an additional 1,612,236 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Birkenstock by 30.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,049,787 shares of the company’s stock worth $145,078,000 after buying an additional 956,167 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Birkenstock by 0.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,950,380 shares of the company’s stock valued at $120,672,000 after buying an additional 25,585 shares during the period. Finally, Morgan Stanley boosted its position in Birkenstock by 25.1% during the fourth quarter. Morgan Stanley now owns 2,797,719 shares of the company’s stock valued at $114,427,000 after acquiring an additional 562,188 shares during the last quarter. 19.93% of the stock is currently owned by institutional investors.

Birkenstock Company Profile

Birkenstock Group AG, listed on the New York Stock Exchange under the symbol BIRK, is a global footwear manufacturer renowned for its anatomically contoured footbeds and iconic sandal designs. The company’s core product lines include classic models such as the Arizona, Boston and Madrid, alongside a range of clogs, shoes and orthotic insoles. In addition to footwear, Birkenstock offers complementary accessories, including socks and leather care products, reinforcing its commitment to foot health and comfort.

Birkenstock reaches consumers through a diversified distribution network that combines direct-to-consumer channels—such as branded retail stores and e-commerce platforms—with wholesale partnerships spanning specialty footwear retailers, department stores and select online marketplaces.